One of the small benefits of a high unemployment rate is the continued low mortgage rate. The weak May employment statistics resulted in new low rates for the week ending June 10. The disappointing employment reports caused investors to buy U.S. Treasury notes in greater numbers, an activity that usually triggers lower mortgage rates.
According to Bankrate the 30 year fixed mortgage rate as of June 19 is 4.80%, down from 4.84% last week. The 15 year fixed rate is 4.18%, down from... (Click here to read the rest of this article about mortgage rates)
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